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NewsCourt accepts Thai Airways rehabilitation filing: sources
A Thai bankruptcy court has today accepted Thai Airways International’s application for business rehabilitation, and a hearing will be held in under three months as to whether the company should be permitted to enter that process, according to two sources. “Today, the court has accepted the request for business ...
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Hainan reduces shareholding in MRO arm, divests training unit
Hainan Airlnes will reduce its stake in its MRO unit and divest its training unit to other HNA Group companies as it seeks to intensify its focus on the core passenger and cargo business. Hainan will reduce its stake in MRO unit HNA Technic to about 68%, with the ...
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Hainan cancels planned transfer of nine aircraft
Hainan Airlines Holdings and its subsidiary airlines have cancelled the transfer of aircraft assets to a Hong Kong-based holding company. This encompasses four Boeing 737-800 aircraft and two 787-8 owned by Hainan Airlines Holdings, two Airbus A350-900s by Hainan Airlines , and one 737-800 with Grand China ...
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More Latin American airlines could face liquidity shocks
LATAM and Avianca are Latin America’s first carriers to file for bankruptcy protection amid the pandemic, but they are unlikely to be last considering the slow pace at which the region’s governments have implemented financial assistance programmes.
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Thai government reduces stake in Thai Airways
The Thai government is no longer a majority shareholder in Thai Airways after the country’s finance ministry reduced its stake to 47.86% from 51.03%. “After the reduction of shareholding percentage held by the Ministry of Finance in the company, the company shall cease to be a state enterprise under ...
- News
Jet2 pushes back resumption of flights to 1 July
UK budget carrier Jet2 will restart operations on 1 July, having previously said it would begin flying again on 17 June.
